www.upstreamonline.com http://www.upstreamonline.com/ www.upstreamonline.com GDI hands N-KOM $110m in new work http://www.upstreamonline.com/live/1370459/GDI-hands-N-KOM-110m-in-new-work Gulf Drilling International (GDI) has awarded a joint venture shipyard between Qatar’s Nakilat and Singapore’s Keppel contracts worth a combined $110 million. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1370459/GDI-hands-N-KOM-110m-in-new-work Thu, 24 Jul 2014 02:10:39 +0000 live Financing secured for Ophir field http://www.upstreamonline.com/live/1370458/Financing-secured-for-Ophir-field Australia’s Octanex has secured limited resource project finance for the development of the Ophir field, off Malaysia. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1370458/Financing-secured-for-Ophir-field Thu, 24 Jul 2014 00:59:35 +0000 live Drillsearch goes strength to strength http://www.upstreamonline.com/live/1370457/Drillsearch-goes-strength-to-strength Australia-listed Drillsearch Energy has managed to deliver a stellar year, despite the slump in quarterly revenue. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1370457/Drillsearch-goes-strength-to-strength Thu, 24 Jul 2014 00:31:12 +0000 live Oceaneering up on subsea products http://www.upstreamonline.com/live/1370451/Oceaneering-up-on-subsea-products Offshore services provider Oceaneering posted a strong second quarter thanks to a solid performance from its subsea products segment. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1370451/Oceaneering-up-on-subsea-products Wed, 23 Jul 2014 23:06:49 +0000 live Ocean Onyx headed to Trinidad http://www.upstreamonline.com/live/1370448/Ocean-Onyx-headed-to-Trinidad BG Group has signed Diamond Offshore's semi-submersible newbuild Ocean Onyx to a one-well contract off Trinidad, according to the rig contractor's latest fleet status report. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1370448/Ocean-Onyx-headed-to-Trinidad Wed, 23 Jul 2014 22:26:16 +0000 live Parted pipe leads to Sanchez TMS do-over http://www.upstreamonline.com/live/1370447/Parted-pipe-leads-to-Sanchez-TMS-do-over Houston independent Sanchez Energy will have to re-drill the horizontal section of its first operated Tuscaloosa Marine shale well after the drill string parted as the company was preparing to run production casing. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1370447/Parted-pipe-leads-to-Sanchez-TMS-do-over Wed, 23 Jul 2014 22:08:33 +0000 live Report blasts DEP's regulatory ability http://www.upstreamonline.com/live/1370445/Report-blasts-DEPs-regulatory-ability A government watchdog in Pennsylvania blasted the performance of state’s oil and gas regulator, saying that rapid development in the Marcellus shale play had outpaced the ability of the Department of Environmental Protection (DEP) to police drilling activity. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1370445/Report-blasts-DEPs-regulatory-ability Wed, 23 Jul 2014 20:03:54 +0000 live Duvernay 'to see $1.86bn investment in 2014' http://www.upstreamonline.com/live/1370443/Duvernay-to-see-1.86bn-investment-in-2014 The emerging Duvernay shale play in Canada will likely see around C$2 billion ($1.86 billion) in investment this year as explorers start to tap approximate reserves there of 13 billion barrels of oil equivalent, according to consultancy Wood Mackenzie. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1370443/Duvernay-to-see-1.86bn-investment-in-2014 Wed, 23 Jul 2014 18:57:28 +0000 live Statoil, ExxonMobil dive into Colombia offshore http://www.upstreamonline.com/live/1370438/Statoil-ExxonMobil-dive-into-Colombia-offshore Norway's Statoil and US-based ExxonMobil have splashed into Colombia's emerging offshore sector, landing the rights to explore a new deep-water block in partnership with Spain's Repsol. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1370438/Statoil-ExxonMobil-dive-into-Colombia-offshore Wed, 23 Jul 2014 17:53:44 +0000 live Talisman shares pop on Repsol interest http://www.upstreamonline.com/live/1370432/Talisman-shares-pop-on-Repsol-interest Canada's Talisman Energy saw a double-digit boost to its shares Wednesday morning after confirming press reports that Repsol is exploring a bid for the oil and gas company. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1370432/Talisman-shares-pop-on-Repsol-interest Wed, 23 Jul 2014 17:02:07 +0000 live Commercial flows start at Badra http://www.upstreamonline.com/live/1370430/Commercial-flows-start-at-Badra Gazprom Neft has begun commercial production at the Badra oilfield in Iraq, according to a report, after initial flows started early last month. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370430/Commercial-flows-start-at-Badra Wed, 23 Jul 2014 16:15:34 +0000 live US proposes new shale rail rules http://www.upstreamonline.com/live/1370421/US-proposes-new-shale-rail-rules US regulators have released proposed rules to strengthen standards for the transportation of crude oil and other flammable materials, new safety measures in the wake of explosive derailments of trains carrying light crude from the Bakken shale play. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1370421/US-proposes-new-shale-rail-rules Wed, 23 Jul 2014 15:56:18 +0000 live Nine hurt in Mexico refinery fire http://www.upstreamonline.com/live/1370401/Nine-hurt-in-Mexico-refinery-fire Nine people have been lightly injured in an ongoing blaze at a refinery in Mexico that has led much of the facility being shut down. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1370401/Nine-hurt-in-Mexico-refinery-fire Wed, 23 Jul 2014 15:20:37 +0000 live Urals Energy wins $41m debt case http://www.upstreamonline.com/live/1370395/Urals-Energy-wins-41m-debt-case Urals Energy has won a court case in Moscow about a $41 million debt claim, but the case is set to be followed by another legal action in Cyprus. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1370395/Urals-Energy-wins-41m-debt-case Wed, 23 Jul 2014 14:38:18 +0000 live Freeport-McMoRan eyes more asset sales http://www.upstreamonline.com/live/1370380/Freeport-McMoRan-eyes-more-asset-sales US player Freeport-McMoRan has not ruled out further asset disposals after its $3.1 billion sale of Eagle Ford shale interests as it seeks to bankroll exploitation of newly acquired acreage in the deep-water Gulf of Mexico. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1370380/Freeport-McMoRan-eyes-more-asset-sales Wed, 23 Jul 2014 13:26:03 +0000 live OMV hit with Kazakhstan write-down http://www.upstreamonline.com/live/1370377/OMV-hit-with-Kazakhstan-write-down Austria’s OMV has warned its second quarter results will be hit with impairments of €145 million ($195 million) mostly due to a write-down of its Kazakhstan assets. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1370377/OMV-hit-with-Kazakhstan-write-down Wed, 23 Jul 2014 13:17:10 +0000 live Hercules battles tough rig markets http://www.upstreamonline.com/live/1370360/Hercules-battles-tough-rig-markets US rig owner Hercules Offshore rode a tough operating environment in the second quarter to post a profit rise, but warned of a weak third period before the market picks up later in the year. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370360/Hercules-battles-tough-rig-markets Wed, 23 Jul 2014 12:13:13 +0000 live Tamboran bids to drill shale borehole http://www.upstreamonline.com/live/1370335/Tamboran-bids-to-drill-shale-borehole Australia’s Tamboran Resources has applied to drill a scientific borehole to gauge the shale gas potential of its acreage in Northern Ireland. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1370335/Tamboran-bids-to-drill-shale-borehole Wed, 23 Jul 2014 11:01:25 +0000 live Uganda ruling for Tullow http://www.upstreamonline.com/live/1370326/Uganda-ruling-for-Tullow A London appeals court has ruled largely in favour of Tullow Oil after a legal challenge by Canadian player Heritage Oil over a compensation payment made to the UK independent related to the acquisition of Ugandan assets. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1370326/Uganda-ruling-for-Tullow Wed, 23 Jul 2014 10:26:51 +0000 live Max Petroleum puts up 'For Sale' sign http://www.upstreamonline.com/live/1370316/Max-Petroleum-puts-up-For-Sale-sign London-listed Max Petroleum has entered a formal sale process as it bids to turn around the cash-strapped company with job cuts and cost-cutting. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1370316/Max-Petroleum-puts-up-For-Sale-sign Wed, 23 Jul 2014 10:08:40 +0000 live Hydra support role on TEN http://www.upstreamonline.com/live/1370313/Hydra-support-role-on-TEN Wood Group has enlisted local contractor Hydra Offshore to provide support on its subsea engineering services work for Tullow Oil’s TEN field development project off Ghana. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1370313/Hydra-support-role-on-TEN Wed, 23 Jul 2014 09:58:37 +0000 live Ebola sees ExxonMobil delay Liberia spud http://www.upstreamonline.com/live/1370282/Ebola-sees-ExxonMobil-delay-Liberia-spud The deadly outbreak of the Ebola virus in parts of West Africa has forced ExxonMobil to delay drilling of an exploration well off Liberia. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370282/Ebola-sees-ExxonMobil-delay-Liberia-spud Wed, 23 Jul 2014 09:35:13 +0000 live PKN Orlen slumps to Q2 loss http://www.upstreamonline.com/live/1370290/PKN-Orlen-slumps-to-Q2-loss Poland’s PKN Orlen slumped to a surprise quarterly loss of 5.2 billion zloty ($1.7 billion) in the second quarter after booking 5 billion zloty in impairments, and moved to cut its mid-term targets on a worsening outlook. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1370290/PKN-Orlen-slumps-to-Q2-loss Wed, 23 Jul 2014 08:40:02 +0000 live Bentara flows for Roc http://www.upstreamonline.com/live/1370283/Bentara-flows-for-Roc A Roc Oil-led consortium has brought on stream the Bentara oilfield in the Balai Cluster off Sarawak, Malaysia, according to partner Petronas Carigali. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1370283/Bentara-flows-for-Roc Wed, 23 Jul 2014 08:26:41 +0000 live Rosneft, Gazprom meeting 'debt wall' http://www.upstreamonline.com/live/1370279/Rosneft-Gazprom-meeting-debt-wall Russian state-run energy giants Rosneft and Gazprom are reportedly set to face significant debt refinancing challenges next year, with new sanctions making it even more difficult for them to tap Western financial markets, according to credit ratings agency Moody’s. Steve.Marshall@upstreamonline.com (Steve Marshall), (News Wires) http://www.upstreamonline.com/live/1370279/Rosneft-Gazprom-meeting-debt-wall Wed, 23 Jul 2014 07:23:52 +0000 live Ruspetro finishes testing in Siberia http://www.upstreamonline.com/live/1370278/Ruspetro-finishes-testing-in-Siberia London-listed Ruspetro has flowed oil at its first fractured horizontal well at the Pottymsko-Inginsky licence area in Western Siberia. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1370278/Ruspetro-finishes-testing-in-Siberia Wed, 23 Jul 2014 06:44:57 +0000 live Det Norske spuds Heimdalshoe wildcat http://www.upstreamonline.com/live/1370274/Det-Norske-spuds-Heimdalshoe-wildcat Operator Det Norske Oljeselskap has spudded an exploration well on the Heimdalshoe prospect, on production licence 494,  in the Norwegian North Sea. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1370274/Det-Norske-spuds-Heimdalshoe-wildcat Wed, 23 Jul 2014 06:16:13 +0000 live Court rules for Metgasco http://www.upstreamonline.com/live/1370272/Court-rules-for-Metgasco Australian natural gas producer Metgasco has been given the tick of approval by the New South Wales Supreme Court after its exploration well plan was stymied by the state government. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1370272/Court-rules-for-Metgasco Wed, 23 Jul 2014 05:51:16 +0000 live Brent slips to $107 http://www.upstreamonline.com/live/1370270/Brent-slips-to-107 Brent crude nudged lower but held above $107 per barrel on Wednesday, with a global oil glut keeping prices in check despite geopolitical tensions threatening supplies from key oil producing regions. (News Wires) http://www.upstreamonline.com/live/1370270/Brent-slips-to-107 Wed, 23 Jul 2014 05:13:01 +0000 live Eni loses Brazil court battle http://www.upstreamonline.com/live/1370269/Eni-loses-Brazil-court-battle A Brazilian court blocked a bid by Italy's Eni to force the government to honour its 2006 winning bid in an auction for offshore exploration rights that was later cancelled. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1370269/Eni-loses-Brazil-court-battle Wed, 23 Jul 2014 04:30:48 +0000 live Semco & PV Shipyard team up http://www.upstreamonline.com/live/1370267/Semco--PV-Shipyard-team-up Danish project engineering company Semco Maritime and Vietnam’s PetroVietnam Marine Shipyard (PV Shipyard) have joined forces to establish a rig upgrade company in South East Asia. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1370267/Semco--PV-Shipyard-team-up Wed, 23 Jul 2014 03:38:56 +0000 live Beach spuds in the Cooper http://www.upstreamonline.com/live/1370266/Beach-spuds-in-the-Cooper Another Cooper basin well has spudded for Beach Energy targeting the Namur sandstone reservoir. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1370266/Beach-spuds-in-the-Cooper Wed, 23 Jul 2014 03:13:57 +0000 live AusGroup to buy Ezion supply base operator http://www.upstreamonline.com/live/1370261/AusGroup-to-buy-Ezion-supply-base-operator AusGroup has signed an agreement to buy two subsidiaries of fellow Singapore-listed company Ezion Holdings. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1370261/AusGroup-to-buy-Ezion-supply-base-operator Wed, 23 Jul 2014 02:47:03 +0000 live Rawson set to look deeper http://www.upstreamonline.com/live/1370260/Rawson-set-to-look-deeper Australia-listed Rawson Resources is set to undertake another round of seismic reprocessing to better size up its acreage in the Otway basin. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1370260/Rawson-set-to-look-deeper Wed, 23 Jul 2014 02:35:44 +0000 live Tullow firms up Namibia leads http://www.upstreamonline.com/live/1370258/Tullow-firms-up-Namibia-leads UK independent Tullow Oil has firmed up several prospects on an exploration licence off Namibia from recently shot seismic data. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1370258/Tullow-firms-up-Namibia-leads Wed, 23 Jul 2014 00:31:15 +0000 live Sinopec ditches Puffin exploration rights http://www.upstreamonline.com/live/1370257/Sinopec-ditches-Puffin-exploration-rights Sinopec’s Australian outfit has given up an exploration permit offshore in the Timor Sea after it was found to be lacking. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1370257/Sinopec-ditches-Puffin-exploration-rights Wed, 23 Jul 2014 00:01:02 +0000 live 'Deadly year' for global terrorism http://www.upstreamonline.com/live/1370171/Deadly-year-for-global-terrorism The death toll from global terrorism has increased by 30% in the past year, with the risk of terrorism having significantly increased in China, Egypt, Kenya and Libya over the 12-month period, according to a new analysis. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1370171/Deadly-year-for-global-terrorism Tue, 22 Jul 2014 23:01:00 +0000 live Nabors swings to profit http://www.upstreamonline.com/live/1370254/Nabors-swings-to-profit Top land drilling contractor Nabors swung to a second-quarter profit amid strong activity across a range of business segments. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1370254/Nabors-swings-to-profit Tue, 22 Jul 2014 22:24:24 +0000 live FMC beats on strong subsea quarter http://www.upstreamonline.com/live/1370250/FMC-beats-on-strong-subsea-quarter Equipment maker FMC Technologies beat expectations in the second quarter driven by higher revenues and a strong performance in subsea technologies. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1370250/FMC-beats-on-strong-subsea-quarter Tue, 22 Jul 2014 22:14:04 +0000 live N’Goma FPSO sails off to Eni field http://www.upstreamonline.com/live/1370241/N’Goma-FPSO-sails-off-to-Eni-field The N'Goma floating production, storage and offloading unit has left the shipyard en route to its new home off Angola following a naming ceremony earlier this month. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1370241/N’Goma-FPSO-sails-off-to-Eni-field Tue, 22 Jul 2014 21:52:25 +0000 live Transocean subsidiary files for IPO http://www.upstreamonline.com/live/1370243/Transocean-subsidiary-files-for-IPO Rig giant Transocean has filed for an initial public offering of shares for a subsidiary that will start out owning majority stakes in three modern deep-water rigs currently operating in the US Gulf of Mexico. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1370243/Transocean-subsidiary-files-for-IPO Tue, 22 Jul 2014 21:47:52 +0000 live Oil sands protesters arrested in Utah http://www.upstreamonline.com/live/1370235/Oil-sands-protesters-arrested-in-Utah Authorities in Utah were set to release all 21 of the protesters arrested during a demonstration against a Canadian company's efforts to develop one of the first oil-sands extraction projects in the US. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1370235/Oil-sands-protesters-arrested-in-Utah Tue, 22 Jul 2014 20:44:03 +0000 live Pressure on Apache to shed global stakes http://www.upstreamonline.com/live/1370209/Pressure-on-Apache-to-shed-global-stakes Apache shares were up on Tuesday after activist investor Jana Partners revealed a major stake and began agitating for changes at the Houston-based independent. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1370209/Pressure-on-Apache-to-shed-global-stakes Tue, 22 Jul 2014 17:27:06 +0000 live Ex-Repsol YPF boss heads to Brazil http://www.upstreamonline.com/live/1370188/Ex-Repsol-YPF-boss-heads-to-Brazil Spanish major Repsol will see the former chief of its Argentina operations before a government seizure head to Brazil to lead its joint venture there with China's Sinopec. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1370188/Ex-Repsol-YPF-boss-heads-to-Brazil Tue, 22 Jul 2014 16:08:51 +0000 live Iraq ‘OKs Nassiriya oil storage deal’ http://www.upstreamonline.com/live/1370184/Iraq-‘OKs-Nassiriya-oil-storage-deal’ Iraq has given China Petroleum Pipeline the green light to build an oil storage facility at the giant Nassiriya field, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370184/Iraq-‘OKs-Nassiriya-oil-storage-deal’ Tue, 22 Jul 2014 15:22:10 +0000 live Bristow lands deal with pair http://www.upstreamonline.com/live/1370174/Bristow-lands-deal-with-pair Helicopter operator Bristow has secured a three-year deal to provide air transport services for Lundin Petroleum and Det Norske Oljeselskap off Norway. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1370174/Bristow-lands-deal-with-pair Tue, 22 Jul 2014 14:27:07 +0000 live Atlas on RWE radar screen http://www.upstreamonline.com/live/1370169/Atlas-on-RWE-radar-screen RWE Dea has secured a permit from Norway’s petroleum agency to drill a further well in the vicinity of its Titan discovery that will target the Atlas prospect. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1370169/Atlas-on-RWE-radar-screen Tue, 22 Jul 2014 14:11:09 +0000 live Cosco ‘may sell ATP’s Octobuoy unit’ http://www.upstreamonline.com/live/1370166/Cosco-‘may-sell-ATP’s-Octobuoy-unit’ Shipbuilder Cosco Corp (Singapore) says it has had interest from potential buyers in a hull and topsides that was dropped by ATP Oil & Gas UK for a project east of Shetland. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370166/Cosco-‘may-sell-ATP’s-Octobuoy-unit’ Tue, 22 Jul 2014 13:38:27 +0000 live Apply to make Oseberg C beds http://www.upstreamonline.com/live/1370164/Apply-to-make-Oseberg-C-beds Apply has secured an accommodation module fabrication award worth Nkr125 million ($20.2 million) for Statoil’s Oseberg C platform off Norway. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1370164/Apply-to-make-Oseberg-C-beds Tue, 22 Jul 2014 13:07:18 +0000 live Lundin back in Norwegian Sea play http://www.upstreamonline.com/live/1370160/Lundin-back-in-Norwegian-Sea-play Lundin Petroleum has reportedly applied for environmental clearance to drill a wildcat in the Norwegian Sea targeting the Lindarormen prospect later this year. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1370160/Lundin-back-in-Norwegian-Sea-play Tue, 22 Jul 2014 12:15:25 +0000 live Celtique UK well plans blocked http://www.upstreamonline.com/live/1370158/Celtique-UK-well-plans-blocked Celtique Energie has seen its application to drill a vertical well at an onshore prospect in the UK knocked back by the local council. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370158/Celtique-UK-well-plans-blocked Tue, 22 Jul 2014 12:12:40 +0000 live Kea Petroleum spuds Puka probe http://www.upstreamonline.com/live/1370155/Kea-Petroleum-spuds-Puka-probe London-listed explorer Kea Petroleum has spudded its third well at the Puka oilfield in New Zealand’s Taranaki basin. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1370155/Kea-Petroleum-spuds-Puka-probe Tue, 22 Jul 2014 10:34:12 +0000 live Kvaerner bags rig work http://www.upstreamonline.com/live/1370154/Kvaerner-bags-rig-work Kvaerner is taking in semi-submersible rig Transocean Barents at its Stord yard in Norway to generate further income for the contractor after beefing up its order backlog in the second quarter. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1370154/Kvaerner-bags-rig-work Tue, 22 Jul 2014 10:22:36 +0000 live UK urged to widen shale checks http://www.upstreamonline.com/live/1370151/UK-urged-to-widen-shale-checks The UK has been urged to expand its oversight and monitoring of shale gas projects by a pair of environmental science non-governmental organisations. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1370151/UK-urged-to-widen-shale-checks Tue, 22 Jul 2014 09:26:40 +0000 live Searcher Seismic begins Philippine 2D shoot http://www.upstreamonline.com/live/1370148/Searcher-Seismic-begins-Philippine-2D-shoot Australia’s Searcher Seismic has begun a multi-client 2D seismic survey of the Philippines’ West Luzon basin ahead of the south-east Asian state’s next licensing round. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1370148/Searcher-Seismic-begins-Philippine-2D-shoot Tue, 22 Jul 2014 08:28:13 +0000 live Rig sails for troubled Russian waters http://www.upstreamonline.com/live/1370147/Rig-sails-for-troubled-Russian-waters A Seadrill rig is reported to be heading for Russian waters to carry out a controversial drilling effort in the Kara Sea for partners ExxonMobil and Rosneft after departing a Norwegian yard at the weekend. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1370147/Rig-sails-for-troubled-Russian-waters Tue, 22 Jul 2014 08:20:26 +0000 live China, Venezuela ink oil pact http://www.upstreamonline.com/live/1370138/China-Venezuela-ink-oil-pact China and Venezuela have signed a series of deals that will see the pair co-operate on the development of oil projects, with crude also being shipped from the South American oil powerhouse. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370138/China-Venezuela-ink-oil-pact Tue, 22 Jul 2014 07:54:46 +0000 live Leni hits oil pay at Goudron http://www.upstreamonline.com/live/1370136/Leni-hits-oil-pay-at-Goudron Shares in Leni Gas & Oil (LGO) rose early on Tuesday after the London-listed junior struck gas at an onshore development well in Trinidad. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370136/Leni-hits-oil-pay-at-Goudron Tue, 22 Jul 2014 07:15:21 +0000 live Bids placed for Abu Dhabi fields http://www.upstreamonline.com/live/1370135/Bids-placed-for-Abu-Dhabi-fields Leading international players have placed their bids for taking up stakes in onshore oilfields, capable of producing 1.6 million barrels per day, covered under the Abu Dhabi Company for Onshore Oil Operations (ADCO) concession. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1370135/Bids-placed-for-Abu-Dhabi-fields Tue, 22 Jul 2014 07:13:06 +0000 live KBC buys Feesa http://www.upstreamonline.com/live/1370134/KBC-buys-Feesa London-listed KBC Advanced Technologies has bought UK-based specialised software and service provider Feesa in a deal worth £11.2 million ($19.1 million). Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1370134/KBC-buys-Feesa Tue, 22 Jul 2014 07:00:12 +0000 live Santos receives Pilliga approval http://www.upstreamonline.com/live/1370132/Santos-receives-Pilliga-approval Australia’s Santos has been given the go-ahead with its amended Narrabi project in the Pilliga forest in New South Wales. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1370132/Santos-receives-Pilliga-approval Tue, 22 Jul 2014 06:54:05 +0000 live Atlantis dud for Statoil http://www.upstreamonline.com/live/1370133/Atlantis-dud-for-Statoil Statoil has recorded further drilling disappointment with another frontier wildcat in the Hoop area of the Barents Sea off Norway that made only a non-commercial gas find. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1370133/Atlantis-dud-for-Statoil Tue, 22 Jul 2014 06:50:52 +0000 live US report supports natural gas http://www.upstreamonline.com/live/1370129/US-report-supports-natural-gas Despite misgivings by environmental protesters in Australia, the benefits of shale gas and coalbed methane have been highlighted in a report by the US Proceedings of the National Academy of Sciences. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1370129/US-report-supports-natural-gas Tue, 22 Jul 2014 06:25:33 +0000 live Brent holds above $107 http://www.upstreamonline.com/live/1370127/Brent-holds-above-107 Brent crude held steady above $107 a barrel on Tuesday, with worries over escalating geopolitical tension balanced by expectations of large draws in US oil stockpiles. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1370127/Brent-holds-above-107 Tue, 22 Jul 2014 04:18:34 +0000 live AWE hits gas in Perth basin http://www.upstreamonline.com/live/1370126/AWE-hits-gas-in-Perth-basin Australia-listed AWE has intersected the Kockatea and Carynginia shales in the Drover-1 exploration well in the Perth basin. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1370126/AWE-hits-gas-in-Perth-basin Tue, 22 Jul 2014 01:47:39 +0000 live Oil Search cheers PNG LNG revenue boost http://www.upstreamonline.com/live/1370125/Oil-Search-cheers-PNG-LNG-revenue-boost Australia-listed Oil Search almost doubled its revenue during the second quarter of the year as the start up of the Papua New Guinea liquefied natural gas project (PNG LNG) caused a surge in revenue. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1370125/Oil-Search-cheers-PNG-LNG-revenue-boost Tue, 22 Jul 2014 01:23:26 +0000 live Cooper posts record numbers http://www.upstreamonline.com/live/1370124/Cooper-posts-record-numbers Australia’s Cooper Energy has posted record full-year production and highest yearly sales in the June quarter on the back of exploration success in the Otway basin. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1370124/Cooper-posts-record-numbers Tue, 22 Jul 2014 00:44:34 +0000 live Vard increases profits http://www.upstreamonline.com/live/1370123/Vard-increases-profits Norwegian-based shipbuilder Vard Holdings saw profits rise during the first half of the year as it paid less taxes. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1370123/Vard-increases-profits Tue, 22 Jul 2014 00:26:11 +0000 live Compressco in $825m takeover deal http://www.upstreamonline.com/live/article1370118.ece Compressco Partners has signed a deal to takeout oilfield compression competitor Compressor Systems for $825 million cash. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/article1370118.ece Mon, 21 Jul 2014 23:10:40 +0000 live Rex boosts reserves, lowers well costs http://www.upstreamonline.com/live/1370117/Rex-boosts-reserves-lowers-well-costs Pennsylvania-based Rex Energy bumped its volume of proved reserves and has added acreage and reduced well costs in its main area of operation in the Appalachian basin. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1370117/Rex-boosts-reserves-lowers-well-costs Mon, 21 Jul 2014 23:00:33 +0000 live Helix doubles earnings in quarter http://www.upstreamonline.com/live/1370114/Helix-doubles-earnings-in-quarter Houston-based well-intervention specialist Helix Energy Solutions more than doubled its earnings in the second quarter thanks to higher revenues and full utilisation of some of its vessels. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1370114/Helix-doubles-earnings-in-quarter Mon, 21 Jul 2014 22:16:41 +0000 live Petrobras continues pre-salt climb http://www.upstreamonline.com/live/1370109/Petrobras-continues-pre-salt-climb Petrobras in June continued to report production gains in its pre-salt province, but maintenance stoppages weighed on overall figures. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1370109/Petrobras-continues-pre-salt-climb Mon, 21 Jul 2014 20:47:47 +0000 live OGPar presses on with Campos test http://www.upstreamonline.com/live/1370106/OGPar-presses-on-with-Campos-test The bankrupt independent formerly known as OGX has again extended an agreement to continue producing from the OSX-1 unit at the Tubarao Azul field in Brazil's Campos basin. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1370106/OGPar-presses-on-with-Campos-test Mon, 21 Jul 2014 19:54:25 +0000 live Petrobras greenlights $269m Gasmig deal http://www.upstreamonline.com/live/1370105/Petrobras-greenlights-269m-Gasmig-deal Petrobras' board of directors has approved a deal of 600 million reais ($269.9 million) to sell off the company's 40% stake in a natural gas distribution network in the Brazilian state of Minas Gerais. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1370105/Petrobras-greenlights-269m-Gasmig-deal Mon, 21 Jul 2014 19:36:41 +0000 live Zaza gets funds for acquisitions http://www.upstreamonline.com/live/1370104/Zaza-gets-funds-for-acquisitions US junior ZaZa Energy is adding $7.5 million to its balance sheet through a private equity placement to fund future acquisitions. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1370104/Zaza-gets-funds-for-acquisitions Mon, 21 Jul 2014 18:50:42 +0000 live Alaska LNG files DOE permit http://www.upstreamonline.com/live/1370103/Alaska-LNG-files-DOE-permit Alaska LNG has filed an application with the US Department of Energy to export liquefied natural gas from a a giant planned facility. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1370103/Alaska-LNG-files-DOE-permit Mon, 21 Jul 2014 18:40:53 +0000 live Caza cheers Bone Spring flows http://www.upstreamonline.com/live/1370102/Caza-cheers-Bone-Spring-flows London-listed Caza Oil & Gas posted a strong result from its latest Bone Spring well in New Mexico and sees its acreage there as being prospective for a number of stacked pay zones. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1370102/Caza-cheers-Bone-Spring-flows Mon, 21 Jul 2014 18:24:03 +0000 live HRT gets Solimoes extension http://www.upstreamonline.com/live/1370101/HRT-gets-Solimoes-extension Regulators have granted struggling Brazil independent HRT a two-year extension on one of its blocks in the remote Amazon Solimoes basin. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1370101/HRT-gets-Solimoes-extension Mon, 21 Jul 2014 17:54:58 +0000 live Mexico senate OKs Pemex overhaul http://www.upstreamonline.com/live/1370090/Mexico-senate-OKs-Pemex-overhaul Mexico's senate has signed off on three of four bills to implement historic energy reform in the country, with the latest proposal covering structural changes to state oil company Pemex and the country's federal electricity commission (CFE). Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1370090/Mexico-senate-OKs-Pemex-overhaul Mon, 21 Jul 2014 16:53:43 +0000 live GDI nets Dolphin jack-up deal http://www.upstreamonline.com/live/1370089/GDI-nets-Dolphin-jack-up-deal Gulf Drilling International (GDI) is to add another jack-up accommodation to its fleet after signing a long-term charter agreement with Abu Dhabi’s Dolphin Energy. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370089/GDI-nets-Dolphin-jack-up-deal Mon, 21 Jul 2014 16:24:10 +0000 live Gabon ‘selects 7’ for deep-water blocks http://www.upstreamonline.com/live/1370088/Gabon-‘selects-7’-for-deep-water-blocks ExxonMobil, Petrobras and Marathon Oil are among a host of international players selected for a final round of negotiations over the award of nine deep-water blocks off Gabon, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370088/Gabon-‘selects-7’-for-deep-water-blocks Mon, 21 Jul 2014 15:26:53 +0000 live FMC, explorers sign subsea pact http://www.upstreamonline.com/live/1370062/FMC-explorers-sign-subsea-pact Houston’s FMC Technologies signed a pact to create a joint industry programme on next-generation subsea production equipment with Anadarko Petroleum Corporation, BP, ConocoPhillips and Shell. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1370062/FMC-explorers-sign-subsea-pact Mon, 21 Jul 2014 13:11:30 +0000 live Ex-Opec chief Lukman dies http://www.upstreamonline.com/live/1370058/Ex-Opec-chief-Lukman-dies Former Opec secretary general and president Alhaji Rilwanu Lukman has died in Vienna. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370058/Ex-Opec-chief-Lukman-dies Mon, 21 Jul 2014 12:31:47 +0000 live McDermott wins Megalodon job http://www.upstreamonline.com/live/1370057/McDermott-wins-Megalodon-job McDermott has landed a contract to install a platform in the US Gulf of Mexico for Walter Oil & Gas. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370057/McDermott-wins-Megalodon-job Mon, 21 Jul 2014 12:23:42 +0000 live Njord A back running for Statoil http://www.upstreamonline.com/live/1370054/Njord-A-back-running-for-Statoil Statoil has resumed production from the Njord A platform in the Norwegian Sea after crack found last summer took it offline. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370054/Njord-A-back-running-for-Statoil Mon, 21 Jul 2014 11:56:21 +0000 live Diamondback in US shale splash http://www.upstreamonline.com/live/1370053/Diamondback-in-US-shale-splash Diamondback Energy is adding more acres in the US onshore Midland basin after it agreed to buy assets from a number of unidentified players. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370053/Diamondback-in-US-shale-splash Mon, 21 Jul 2014 11:36:44 +0000 live PGNiG, FX Energy eye gas well pair http://www.upstreamonline.com/live/1370052/PGNiG-FX-Energy-eye-gas-well-pair Polish national gas company PGNiG and US independent FX Energy are preparing to spud two conventional gas exploration wells next month in north-west Poland. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1370052/PGNiG-FX-Energy-eye-gas-well-pair Mon, 21 Jul 2014 11:30:19 +0000 live Halliburton booms in Q2 http://www.upstreamonline.com/live/1370051/Halliburton-booms-in-Q2 Halliburton has piled on the profit in the second quarter as it racked up a quarterly revenue record. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370051/Halliburton-booms-in-Q2 Mon, 21 Jul 2014 11:12:23 +0000 live Oilex stock jumps on oil flows http://www.upstreamonline.com/live/1370050/Oilex-stock-jumps-on-oil-flows Australian junior Oilex has seen its stock jump after it emerged that flows from its Cambay project onshore India had beaten volume predictions and contained more liquids than expected. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1370050/Oilex-stock-jumps-on-oil-flows Mon, 21 Jul 2014 11:09:55 +0000 live Salamander seals $280m farm-in http://www.upstreamonline.com/live/1370035/Salamander-seals-280m-farm-in Asia-focused Salamander Energy has taken down its ‘For Sale’ sign after sealing a $280 million farm-in on its key asset, the Bualuang oilfield off Thailand. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1370035/Salamander-seals-280m-farm-in Mon, 21 Jul 2014 09:25:16 +0000 live Celtique Energie faces drill denial http://www.upstreamonline.com/live/1370034/Celtique-Energie-faces-drill-denial Celtique Energie’s plans to drill the Wisborough Green prospect onshore southern England may be about to run into trouble after the local council was advised to turn down its application for a vertical well. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1370034/Celtique-Energie-faces-drill-denial Mon, 21 Jul 2014 09:00:07 +0000 live ExxonMobil spuds in Black Sea http://www.upstreamonline.com/live/1370032/ExxonMobil-spuds-in-Black-Sea ExxonMobil and OMV Petrom have kicked off drilling at a deep-water well in the Romanian portion of the Black Sea as the pair looks to prove up the commercial viability of the Domino gas discovery. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370032/ExxonMobil-spuds-in-Black-Sea Mon, 21 Jul 2014 08:28:10 +0000 live Odebrecht founder dies at 93 http://www.upstreamonline.com/live/1370024/Odebrecht-founder-dies-at-93 Norberto Odebrecht, founder of one of Brazil’s largest oil and gas contractors, has died at the age of 93. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370024/Odebrecht-founder-dies-at-93 Mon, 21 Jul 2014 07:41:28 +0000 live Egdon spuds in the UK http://www.upstreamonline.com/live/1370022/Egdon-spuds-in-the-UK London-listed Egdon Resources has spudded the Wressle-1 conventional exploration well in Lincolnshire in the UK. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1370022/Egdon-spuds-in-the-UK Mon, 21 Jul 2014 07:28:14 +0000 live Lundin hits pay in Gohta appraisal http://www.upstreamonline.com/live/1370023/Lundin-hits-pay-in-Gohta-appraisal Sweden’s Lundin Petroleum has produced gas and condensate during testing from an appraisal well in the western part of the Gohta discovery in Norway's sector of the Barents Sea. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1370023/Lundin-hits-pay-in-Gohta-appraisal Mon, 21 Jul 2014 07:21:16 +0000 live AGR in $265m private equity sale http://www.upstreamonline.com/live/1370021/AGR-in-265m-private-equity-sale Norway's AGR Holdings has been snapped up by European private equity firm Silverfleet Capital for around $265 million. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1370021/AGR-in-265m-private-equity-sale Mon, 21 Jul 2014 06:59:46 +0000 live Tullow fails off Norway http://www.upstreamonline.com/live/1370020/Tullow-fails-off-Norway Irish player Tullow Oil has come up dry with an exploration well drilled at the Lupus prospect near the Oseberg South field in the North Sea off Norway. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1370020/Tullow-fails-off-Norway Mon, 21 Jul 2014 06:41:58 +0000 live Karoon places Peru block in force majeure http://www.upstreamonline.com/live/1370019/Karoon-places-Peru-block-in-force-majeure Karoon Gas Australia has received approval to place Block Z-38, in Peru’s offshore Tumbes basin, into force majeure. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1370019/Karoon-places-Peru-block-in-force-majeure Mon, 21 Jul 2014 06:27:39 +0000 live Brent holds above $107 http://www.upstreamonline.com/live/1370018/Brent-holds-above-107 Brent crude held steady above $107 a barrel on Monday with investors closely watching an intensifying geopolitical crisis between Moscow and the West over the downing of a civilian jet in Ukraine last week. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1370018/Brent-holds-above-107 Mon, 21 Jul 2014 04:47:33 +0000 live Shale helps lift Reliance's profits http://www.upstreamonline.com/live/1370017/Shale-helps-lift-Reliances-profits Indian conglomerate Reliance Industries posted a rise in profits during the first quarter of the financial year, thanks in part to higher contributions from its oil and gas business. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1370017/Shale-helps-lift-Reliances-profits Mon, 21 Jul 2014 02:47:51 +0000 live